Company No: 02735488 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	J. B. Bonner-Williams
	K. R. T. Bonner-Williams
	S. J. Bonner-Williams
	S. Nissen

SECRETARY

K. R. T. Bonner-Williams

REGISTERED OFFICE	Brockbourne House
	77 Mount Ephraim
	Tunbridge Wells
	TN4 8BS
	United Kingdom

BUSINESS ADDRESS	Business Centre
	1-7 Commercial Road
	Paddock Wood
	Tonbridge
	Kent
	TN12 6YT
	United Kingdom

COMPANY NUMBER

02735488 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	6,599		14,082
		6,599		14,082
Current assets
Debtors	4	56,511		113,006
Cash at bank and in hand		419,450		241,471
		475,961		354,477
Creditors: amounts falling due within one year	5	( 343,140)		( 280,147)
Net current assets		132,821		74,330
Total assets less current liabilities		139,420		88,412
Provision for liabilities		( 1,183)		0
Net assets		138,237		88,412
Capital and reserves
Called-up share capital	6	5,006		5,004
Share premium account		174,994		154,996
Profit and loss account		( 41,763 )		( 71,588 )
Total shareholders' funds		138,237		88,412

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of World-Wide Travel Insurance Services Limited (registered number: 02735488) were approved and authorised for issue by the Board of Directors on 29 December 2025. They were signed on its behalf by:

K. R. T. Bonner-Williams Director

S. J. Bonner-Williams Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

World-Wide Travel Insurance Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, TN4 8BS, United Kingdom. The principal place of business is Business Centre, 1-7 Commercial Road, Paddock Wood, Tonbridge, Kent, TN12 6YT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of World-Wide Travel Insurance Services Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The financial statements have been prepared on a going concern basis.

Having taken into account all available information about the company's trading prospects and cash flow requirements for 12 months from the date of approval of the financial statements, the directors consider that the company is a going concern, based on their ongoing commitment to support and finance the business.

On 5 June 2024, the Company issued additional shares to two existing shareholders to raise additional capital for use in the business. The total amount of capital raised from this was £20,000.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Specifically, retail insurance premiums are recognised when the premium is due from the policyholder, typically this is on receipt of payment. Commissions income, which is received periodically, is recognised when the amount can be measured with reasonable certainty, which is typically the earlier of confirmation of the amount with the relevant provider, or receipt of cash.

Interest income

Interest income is recognised in the profit or loss using the effective interest method.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	3 years straight line
Office equipment	20 % reducing balance
Computer equipment	3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	16		17

3. Tangible assets

	Leasehold improve- ments		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2024	4,763		93,922		124,687		223,372
At 31 December 2024	4,763		93,922		124,687		223,372
Accumulated depreciation
At 01 January 2024	4,763		89,158		115,369		209,290
Charge for the financial year	0		1,490		5,993		7,483
At 31 December 2024	4,763		90,648		121,362		216,773
Net book value
At 31 December 2024	0		3,274		3,325		6,599
At 31 December 2023	0		4,764		9,318		14,082

4. Debtors

	2024		2023
	£		£
Trade debtors	27,674		6,061
Prepayments	21,782		16,285
Other taxation and social security	4,976		88,461
Other debtors	2,079		2,199
	56,511		113,006

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	217,171		162,324
Accruals	43,454		20,709
Other taxation and social security	7,195		8,667
Other creditors	75,320		88,447
	343,140		280,147

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
3,256 A ordinary shares of £ 1.00 each (2023: 3,254 shares of £ 1.00 each)	3,256		3,254
1,250 B ordinary shares of £ 1.00 each	1,250		1,250
500 C ordinary shares of £ 1.00 each	500		500
	5,006		5,004

During the year 2 additional A ordinary shares were issued.

7. Financial commitments

Commitments

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating leases	0		34,498

8. Related party transactions

Other related party transactions

At the balance sheet date, one director was owed £2,488 by the company (2023: £52,488), which is included in creditors due within one year. During the year, advances were made to this director totalling £nil (2023: £9,593) and repayments were made by the directors totalling £50,000 (2023: £nil). The loan is interest free and repayable on demand.

During the year payments were made of £4,440 (2023: £nil) on behalf of connected companies. The balance owed to the company at the balance sheet date in respect of these is £4,400 (2023: £nil).